Herc Holdings Inc. (NYSE:HRI) – KeyCorp dropped their Q4 2017 EPS estimates for shares of Herc Holdings in a report released on Tuesday. KeyCorp analyst J. Box now forecasts that the transportation company will earn $0.14 per share for the quarter, down from their previous forecast of $0.25. KeyCorp also issued estimates for Herc Holdings’ Q1 2018 earnings at ($0.63) EPS.
Herc Holdings (NYSE:HRI) last issued its earnings results on Tuesday, August 8th. The transportation company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.25. Herc Holdings had a negative return on equity of 9.52% and a negative net margin of 4.82%. The firm had revenue of $416 million for the quarter, compared to analysts’ expectations of $397 million. During the same quarter last year, the business earned ($0.28) earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year.
HRI has been the topic of a number of other research reports. Zacks Investment Research lowered Herc Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 16th. Sidoti lowered Herc Holdings from a “buy” rating to a “neutral” rating in a research report on Thursday, May 18th. ValuEngine upgraded Herc Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, MKM Partners reiterated a “buy” rating and issued a $22.00 price target on shares of Herc Holdings in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Herc Holdings has an average rating of “Hold” and a consensus target price of $45.00.
Herc Holdings (HRI) opened at 39.01 on Friday. The firm’s 50-day moving average price is $42.75 and its 200-day moving average price is $44.54. The company’s market cap is $1.11 billion. Herc Holdings has a one year low of $28.66 and a one year high of $52.96.
Large investors have recently added to or reduced their stakes in the stock. Segantii Capital Management Ltd bought a new stake in Herc Holdings during the first quarter worth approximately $154,000. Quantbot Technologies LP acquired a new stake in shares of Herc Holdings during the second quarter valued at approximately $183,000. Utah Retirement Systems acquired a new stake in shares of Herc Holdings during the first quarter valued at approximately $214,000. Princeton Alpha Management LP acquired a new stake in shares of Herc Holdings during the first quarter valued at approximately $226,000. Finally, Trexquant Investment LP acquired a new stake in shares of Herc Holdings during the second quarter valued at approximately $229,000. Hedge funds and other institutional investors own 96.41% of the company’s stock.
In related news, COO James Bruce Dressel purchased 2,500 shares of Herc Holdings stock in a transaction on Thursday, August 10th. The shares were purchased at an average price of $39.02 per share, for a total transaction of $97,550.00. Following the transaction, the chief operating officer now owns 41,402 shares of the company’s stock, valued at approximately $1,615,506.04. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.
About Herc Holdings
Herc Holdings Inc is an equipment rental supplier. The Company operates approximately 280 branches, of which approximately 270 are in the United States and Canada. It supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture.
Receive News & Ratings for Herc Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.